South Korea's acting president Han Duck-soo expects this week's trade talks with the United States to pave the way for a mutually beneficial outcome, he said during a cabinet meeting on Tuesday.

U.S. Treasury Secretary Scott Bessent was encouraged by "productive" early trade talks with Japan and South Korea this week, the Treasury said in a statement on Friday. In a readout issued a day after the bilateral meeting in Washington with Japanese Finance Minister Katsunobu Kato,

South Korea is relying on cooperation with the White House to reach an agreement on tariffs. The fourth-largest economy in Asia aims to reach an agreement with Donald Trump by 8th July, according to CNBC.